BMW China Insurance Brokerage Co., Ltd. has been approved to operate insurance brokerage business.

CTOnews.com, Nov. 14, CTOnews.com learned from BMW Group official account that recently, BMW (China) Insurance Brokerage Co., Ltd. has officially obtained an insurance brokerage license issued by the State Financial Supervision and Administration, which means the company can formally carry out insurance brokerage business.

Tuyuan Pexels BMW Group said that it will work with Chinese insurance partners to promote the innovation of insurance products and services to provide quality risk management services and better service experience for BMW Group's enterprises, suppliers and distributor partners in China, as well as BMW employees and customers in China, so as to further promote the successful development of BMW Group's core business in China.

BMW (China) Insurance Brokerage Co., Ltd. is a Sino-German joint venture jointly funded by BMW Bavaria Commercial Agency Co., Ltd., a wholly owned subsidiary of BMW Group, and brilliance BMW Motor Co., Ltd., with 58% and 42% respectively.